ORGANON & CO (OGN) Stock Technical Analysis
NYSE:OGN - New York Stock Exchange, Inc. - US68622V1061 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to OGN. OGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, OGN is a bad performer in the overall market: 91% of all stocks are doing better.
OGN is one of the lesser performing stocks in the Pharmaceuticals industry. 67% of 194 stocks in the same industry do better.
OGN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OGN is lagging the market.
OGN has an average volume of 4072890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month OGN has a been trading in the 9.40 - 10.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OGN has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
9.10
16.33
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.72 to 9.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @9.44 from a horizontal line in the daily time frame.
- Support @9.19 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 9.84 to 9.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 10.19 to 10.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.80 from a trend line in the daily time frame.
- Resistance @16.17 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for OGN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OGN is neutral. |
| ChartMill Relative Strength | 9.11 | NEGATIVE | OGN has a low relative strength, it was outperformed by 90.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OGN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OGN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.32 | NEUTRAL | The RSI value for OGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests OGN has a negative trend. |
| Stochastics (14,3) | 43.43 | NEUTRAL | The Stochastics value for OGN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for OGN suggests some volalility. |
| Average Directional Index/ADX (14) | 10.52 | NEGATIVE | The low ADX value for OGN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
9.75
+0.05 (+0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.52%
1 Week-4.51%
2 Weeks3.07%
1 Month-2.11%
3 Month1.67%
6 Month-37.34%
12 Month-53.37%
2 Year-55.6%
3 Year-65.83%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%3.24%
ATR Inc22.87%
Range Today0.34
ADR(20)0.31
ADR(20)%3.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.11
Mansfield-3.76
10 Day High10.39
10 Day Low9.4
20 Day High10.39
20 Day Low9.4
52 Week High23.1
52 Week Low8.01
CS1 End9.73
CR1 Start9.84
Volume & EV
DER(3)-1.42%
DER(5)-0.85%
Volume3.69M
Volume Incr4.89%
Vol(5)3.84M
Vol(50)4.07M